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Journalism of Courage
Maruti Suzuki on Wednesday announced that its standalone Q4 profit jumped 42.6 per cent year-on-year (YoY) to Rs 2,623.6 crore as compared to Rs 1,839 crore in the same period a year ago. The company’s consolidated net profit in the January-March quarter jumped to Rs 2,670.8 crore, by 42 per cent from Rs 1,875.8 crore, led by higher sales, improved realisation and favourable forex movement.
For the financial year of 2022-23, the carmaker’s recorded a net profit of Rs 1,876 crore.
The country’s leading automaker’s standalone revenue from operations surged 19.8 per cent to Rs 32,048 crore in the March quarter. Maruti’s revenue from operations in the same period the previous year stood at Rs 26,740 crore.
Maruti’s net sales in the March quarter climbed 20 per cent to Rs 32,060 crore, against Rs 26,749 crore in the same period a year ago.
The company’s board has agreed a final dividend of Rs 90 per share for the financial year of 2022-23.
Maruti Suzuki’s total expenses (consolidated) in the March quarter increased by 18 per cent to Rs 29,546.9 crore, as compared to Rs 25,024.2 crore in the same quarter last year.
The company’s EBITDA (earnings before interest, taxes, depreciation, and amortisation) margin stood Rs 3,350 crore. The EBITDA margin came at 10.45 per cent, up from 9.75 per cent in the last quarter.
Maruti Suzuki’s stock ended 0.10 per cent higher today, at Rs 8,503.15 on BSE.
